Refinance current rental to buy new property out of state?

[Katie Robillard]

Hi everyone. I currently live in Massachusetts and am considering purchasing a single family rental property in Tennessee. I've heard that financing can be a little more challenging out of state. I was wondering what others thought of possibly refinancing an in state property (I have a duplex in Massachusetts with no mortgage currently) to purchase an out of state investment. I'm wondering what benefits or risks may be - if it's even possible. Any suggestions regarding another approach are greatly appreciated as well.